Notice of Shareholders Meeting to be held through Postal Ballot.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Galactico Corporate Services Ltd has issued a Postal Ballot Notice seeking shareholder approval on four resolutions to be voted entirely through remote e-voting. The most material item is the proposed sale of 73.77% equity stake in subsidiary Seven Hills Beverages Limited (SHBL) to Mr. Ronak Shah and Group for INR 6.67 crore, valuing SHBL at INR 9.05 crore on a 100% basis, which would cause SHBL and step-down subsidiary Palwe Pest Control Private Limited to cease being subsidiaries. Other resolutions cover maintaining a minimum Liquid Net Worth of Rs. 2 crores by December 31, 2026, allowing the Separate Business Unit to undertake other permissible activities, and approving modification of debenture terms of subsidiary Instant Finserve Private Limited. The cut-off date is March 13, 2026, e-voting runs from March 18 to April 16, 2026, and results will be announced on April 18, 2026.
The key shareholder event is the INR 6.67 crore divestment from SHBL, which will simplify the group structure and unlock capital. Related parties are barred from voting on these resolutions, and all approvals require shareholder consent for the company to proceed.